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Friday, December 2, 2022

Investing In Fortive Corporation (NYSE: FTV): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Fortive Corporation (FTV) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.64, or +2.70%, to $62.27. Volume reached 371,261 shares, with price reaching a high of $62.27 and a low of $62.27. Earlier, Yahoo Finance discussed this stock as it revealed Fortive Schedules Third Quarter 2022 Earnings Conference Call.


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Stocks Info

The company is listed on the NYSE and operates within the Scientific & Technical Instruments industry segment. At the end of the last regular session, the stock closed at $62.27 and fluctuated between $62.42 as its day high and $61.77 as its day low. The current market capitalization of Fortive Corporation is $22.50B. A total of 2.69 million shares were traded on the day, compared to an average of 1.70M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, FTV has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 22,764 and the disposition of 14,500 shares. Over the last 12 months, there were 51 BUYs and 62 SELLs from insiders. Insiders purchased 458,773 shares during that period but sold 258,843.

In the most recent transaction, SPOON ALAN G bought 17,400 shares of FTV for 58.25 per share on May 02. After the transaction, the Director now owns 98,861 company shares. In a previous transaction on Feb 28, Walker Stacey A. sold 1,080 shares at 64.43 per share. FTV shares that SVP – Human Resources owns now total 41,170.

Among the insiders who sold shares, Mulhall Christopher M. disposed of 118 shares on Feb 28 at a per-share price of $64.43. This resulted in the VP – Chief Accounting Officer holding 2,601 shares of FTV after the transaction. In another insider transaction, Mulhall Christopher M. sold 207 shares at $64.43 per share on Feb 28. Company shares held by the VP – Chief Accounting Officer now total 17,605.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Fortive Corporation pays an annual dividend of $0.28, resulting in a dividend yield of 0.45%, and it has a price to earnings (P/E) ratio of 34.35. FTV’s most recent ex-dividend date was 08/30/2022 when it declared a $0.07 quarterly dividend that was paid in cash on 09/30/2022. Previously, the company paid the dividend on 06/24/2022 with an ex-dividend date of 05/26/2022. The dividend was $0.07 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FTV in the last 3 months, the mean price target is $73.56 with high estimates of $88.00 and low estimates of $60.00. In terms of 52-week highs and lows, FTV has a high of $79.87 and a low of $52.47.

As of this writing, FTV has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.76. The company reported an EPS of $0.78 in the last quarter, which was 8.33% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FTV is Sell with a score of 3.83. A total of 10 analysts rated the stock as Buy while 4 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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